Taught course (will run subject to approval)


University of Siena · Department of Economics and Statistics

Entry requirements

Open access degree programme.

Months of entry


Course content

The MSc in Finance will provide knowledge in three main fields:

Quantitative Area

Students study in deep the methods used in financial markets to price financial securities: basic principles of stochastic calculus, no-arbitrage principle and risk neutral (martingale) pricing, derivatives pricing, interest rate derivatives, stochastic volatility models, financial econometrics.

Economic Area

Students are exposed to the theoretical framework of modern financial economics: microeconomic models for business and finance, models with asymmetric information and decision under uncertainty, monetary economics and central banking approaches;

Management Area

Our fundamental courses will provide the knowledge to study financial behaviour of financial and non-financial firms and financial markets.

Information for international students

To be admitted to the MSc in Finance, candidates should possess a solid academic background in the following areas of study: economics, management and business, mathematics, statistics. Knowledge must include the economics of financial markets and principles of financial mathematics.

Fees and funding

UK students
up to 2,000 Euros
International students
up to 2,000 Euros

The annual fee is divided into three installments, as follows:

  • 1st instalment: fixed rate based on the type of degree course (humanities, science, EU regulated).
  • 2nd instalment: calculated based on income.
  • 3rd instalment: calculated based on merit.

The fee can also vary in the presence of any applicable benefits or exemptions.


Students enrolling at the University of Siena can apply for a DSU (Regional Body for the Right of University Studies) scholarship. The application is open until September/October of each year.

Scholarship assignees will receive a sum of money (covering University fees) and have free access to University canteens and free accommodation at halls of residence, if admitted. Should such accommodation not be available, assignees will be given a rent contribution, if requested.

Qualification and course duration


full time
24 months

Further details of qualification

Access requirements (Qualifications): 1 - TITLE OF SUPERIOR SCHOOL and FIRST LEVEL DEGREE 2 - TITLE OF SUPERIOR SCHOOL and DEGREE 3 - TITLE OF SUPERIOR SCHOOL and SECOND LEVEL DEGREE Admission exam details: For the students that in the first cycle degree received a final score less a minimum threshold stated by the course regulation, admission to this graduate programme is subject to the assessment of the personal preparation required to attend the programme. The assessment covers topics defined by the course regulation.

Course contact details

Prof. Costanza Consolandi